Paysend enables payouts in 175 countries

By Edlyn Cardoza

Paysend, the UK-based FinTech with over 7 million customers, recently announced the ability for users to carry out remittances to 175 countries. With features such as low fixed fees on money transfers, competitive exchange rates, and the ability to receive instant international payments, Paysend is changing how communities worldwide manage their money internationally.

As more and more people around the world require fast, cheap, and reliable services to help them send funds, Paysend continues to expand the reach of its network and the number of countries that its customers can send money to in order to help them to stay connected and transfer money to their friends, family, and loved ones.

Alex Bessonov, Group Head of Network Development and Strategic Partnerships at Paysend, said: “This is a great milestone as Paysend continues to give users the capability to connect across borders instantly, securely, and affordably, with the option to make payments in local currency in over 119 currencies, with 175 total payout countries. Millions around the globe will now have the freedom and flexibility to manage their finances through Paysend’s easy-to-use app, automated phone number, and text ID verification, benefiting from a quick and simple onboarding process. Our mission is to continue to increase connectivity across regions and improve the payments landscape for all.”

Recently, IBS Intelligence reported that Paysend had announced the launch of Instant Account Payments, which gives consumers and businesses the ability to send instant cross border payments of up to $100,000 to accounts for just $1 per payment. Users can quickly connect to Paysend’s global payments network and instantly and cost-effectively send funds to 25 countries and currencies seven days per week, 365 days per year.